SEOUL, Mar. 7 (Yonhap) — Major South Korean builder Lotte Engineering & Construction Co. (Lotte E&C) said Thursday it has completed the creation of a 2.3 trillion-won (US$1.73 billion) project financing (PF) fund, which will help cut its interest burden from high-interest debt. Five local banks, including KB Kookmin Bank and the state-run Korea Development [...]
Paris, France, Feb. 22 (Korea Bizwire) – Jeito Capital (“Jeito”), a leading independent private equity firm dedicated to biotech and biopharma, today announces that it has co-led a $65 million Series A financing round in EyeBiotech Limited (“EyeBio”), a privately held ophthalmology biotechnology company working to deliver a new generation of therapies for eye diseases. The Series [...]
WASHINGTON, Jan. 20 (Korea Bizwire) – Virtru, a leader in data protection and inventor of the open TDF standard, today announced that it has raised $60 million in growth financing co-led by existing investor ICONIQ Growth and new investor Foundry Capital. Other participants in the round include Tiger Global, MC2, Bessemer Venture Partners and New Enterprise Associates. [...]
HAIFA, Israel; BOSTON, MA, Jan. 10 (Korea Bizwire) – MeMed, a leader in host response technologies, today announces a $93 million private financing round, bringing total funding in the Company to over $200 million, including support from the U.S. Department of Defense and EU Commission. Funds will be used to scale up manufacturing, accelerate commercialization and [...]
BOSTON, Dec. 29 (Korea Bizwire) – EnBiotix, Inc., a rare disease company currently focused on chronic respiratory disorders, today announced the closing of an $11M pre-merger, convertible note round of financing (“the Financing”) comprised of Vectura Group plc, the Cystic Fibrosis Foundation and Sanford Biosciences LLC. The Financing was led by Vectura Group plc (“Vectura”), a [...]
SEOUL, Dec. 14 (Korea Bizwire) — Kasa Korea Co., operator of a digital property investment platform, said Tuesday that it has attracted 19 billion won (US$16 million) from six investors to enhance security for trading and other necessary infrastructure. The investment, from investors including PGS Partners, WeMade, Arche Investment and Yuanta Investment, raised the total [...]
Paris, France, Nov. 29 (Korea Bizwire) – Jeito Capital (“Jeito”), a leading independent private equity firm dedicated to biotech and biopharma, today announces that it has co-led a $156 million oversubscribed Series B financing round in Quell Therapeutics (“Quell”), the world leader in the development of engineered T-regulatory (Treg) cell therapies for serious medical conditions driven by [...]
PHILADELPHIA, Nov. 3 (Korea Bizwire) — Microshare Inc., a leading provider of Smart Building data solutions to multinationals and public sector institutions, has closed $15 million in financing from the Avenue Sustainable Solutions Fund, L.P., Avenue Capital Group’s vehicle for supporting firms working to bring about a more sustainable world. Microshare’s EverSmart suite of Smart [...]
MIAMI, June 23 (Korea Bizwire) — RapidPulse, Inc., a privately-held medical device company developing a novel aspiration system to treat ischemic stroke, today announced the closing of a $15 million Series A financing. The financing was led by Santé Ventures who was joined by Epidarex Capital, Hatteras Venture Partners, Broadview Ventures, and Syntheon. RapidPulse plans [...]
Paris, France, June 15 (Korea Bizwire) – Jeito Capital (“Jeito”), a rapidly emerging independent Private Equity firm dedicated to biotech and biopharma, today announces that it has become a key investor as part of a $67 million Series B financing round in Alentis Therapeutics (Alentis). The Swiss biotech company, a spin-off of French Inserm with R&D in [...]